Shoreline Cottages
Location: 18725 N. HWY 1
Fort Bragg, CA 95437
Contact: Dick Lopez, CHB - President
Contact
Email:
dlopez@lodgingbrokers.com
Agency:
Lodging Property Brokers
Inc.
Agency Address: 603 Cabot Way
Napa, CA 94559
Phone: 707-257-2759
Toll-Free: n/a
Fax:
707-257-2155
Property Website: http://www.shoreline-cottage.com
Owners: n/a
Business Established: n/a
Affiliation: n/a
Area Description:
Located on California's Northern Coast in a popular tourist destination. Whale watching, sandy beaches, award winning wineries, hiking trails and scenic highway ocean viewing are just some of Mendocino County's tourist experience. Ideal for a family or couple who want a business and lifestyle in Northern California's Pacific Coast line.
Site Description: Turn key property on 1.76 acres. Recipient of the coveted "2009 Beautification Award" -- Presented by the Mendocino Coast Chamber of Commerce. Themed guest cottages and guest rooms, some with carports, mini-bars and private patio decks. Separate 3-bedroom owners residence with kitchen/family room, living room and private rear yard.
Structure: Individual cottages and guest rooms, laundry facility,
separate 3-bedroom owners quarters with kitchen/family room, living room and private rear yard.
The property was upgraded in 2007.
Offering: Offered at $1,275,000. All cash to seller. Recommend new SBA financing (see Broker for details).
Financial Information:
- Occupancy: 51%
- Average daily rate (ADR): $105
- Income from room sales: $215,000
- Taxes: n/a
- Electricity:
n/a
- Water and Sewer: n/a
- Natural Gas: n/a
- Insurance: n/a
Special Notes:
n/a
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